Year 12 | 26 January 2020 | staff@teatronaturale.com TO ENTER | TO REGISTER

India and China expand their hydropower resources

Indian and China are witnessing high GDP growth and correspondingly their energy appetite has also been growing at a fast pace. However, both countries have historically been deprived of energy resources. As a result, both the countries rely heavily on imports to satisfy their domestic energy needs.
China’s crude oil consumption grew from 4,8717 thousand barrels per day in 2001 to reach 7,920.3 thousand barrels per day in 2009 at a CAGR of 6.3%. It is expected that the consumption of crude oil will reach 9,136 thousand barrels per day by 2015. However, the domestic production of crude oil was almost constant due to the limited oil reserves in the country. The crude oil production in China grew at a slow pace from 3,1354 thousand barrels per day in 2001 to reach 3,850.9 thousand barrels per day in 2009 at a CAGR of 2.6%. It is expected that the production of crude oil will reach 4,003.3 thousand barrels per day by 2015.
Similarly, India’s crude oil consumption grew from 1,317.8 thousand barrels per day in 2001 to reach 2,513.5 thousand barrels per day in 2009 at a CAGR of 8.4%. It is expected that the consumption of crude oil will reach 3,507.6 thousand barrels per day by 2015. However, the domestic production of crude oil was almost constant due to the limited oil reserves in the country. The crude oil production in India grew at a very slow pace from 631.9 thousand barrels per day in 2001 to reach 662.4 thousand barrels per day in 2009 at a CAGR of 0.6%. It is expected that the production of crude oil will reach 692.1 thousand barrels per day by 2015.

by S. C.
11 may 2010, World News > Asia

MOST POPULAR ARTICLES